China’s UnionPay International cooperates with Development Bank of Singapore (DBS) in issuing the UnionPay platinum debit card. It is not only the first UnionPay card issued by the largest commercial bank in Singapore, but also the first UnionPay card with functions of UnionPay QuickPass, online payment and local transportation payment issued in the market.
DBS, the largest commercial bank in Singapore and the Southeast Asia, has enabled all of its ATMs and over 8,000 merchants to accept UnionPay cards. Since the end of last year, DBS has successively enabled its merchants to accept UnionPay QuickPass, in order to offer more flexible and convenient payment experience to UnionPay cardholders. UnionPay QuickPass has been recognized by an increasing number of the local merchants. This time, the two sides further extend their cooperation to the field of local card-issuance.
The UnionPay platinum debit card issued this time is an international payment card that can be used in UnionPay’s global acceptance network in 157 countries and regions.
Also, it has several innovative features:
1) It is equipped with UnionPay QuickPass function, and can realize “tap-and-go” payment at the over 7 million QuickPass terminals globally.
2) It can be used as the local transportation card in Singapore. Cardholders can take the local bus, subway and taxi by simply tapping the card, which realizes the combination of bankcard and transportation card.
Currently, Southeast Asia is accelerating the localization of UnionPay’s business. As almost all ATMs and over 80% of the merchants in Singapore have accepted UnionPay cards, several local institutions have issued various UnionPay card products, which are used increasingly frequently both in and outside Singapore.
Meanwhile, UnionPay International has made continuous efforts to enrich the privileges and services for the local cardholders. For instance, it has set UnionPay VIP counter at the Chinese Visa Application Service Center in Singapore, to provide exclusive service for the local cardholders’ application for the Chinese visa. On the “Great Singapore Sale” to be launched this June, UnionPay will be the single official payment brand.
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